Bitcoin News Today: Stunning 48% Surge in Global NFT Sales Driven by Ethereum and Bitcoin
The global NFT market has exploded with a 48% surge in sales volume in July 2025, fueled by Bitcoin and Ethereum’s dominance. This remarkable growth highlights the resilience and innovation in the NFT space, with blue-chip collections like CryptoPunks leading the charge. Let’s dive into the key trends shaping this resurgence.
Ethereum Dominates NFT Sales with CryptoPunks Leading the Charge
Ethereum remains the undisputed leader in NFT trading, accounting for $275 million in sales—a 56% increase from June. The platform hosts most blue-chip collections, with CryptoPunks alone generating $59 million in sales, a staggering 401% month-over-month growth. This underscores Ethereum’s pivotal role in the NFT ecosystem.
Bitcoin NFTs Show Strong Growth with BRC-20 and Ordinals
Bitcoin-based NFTs are gaining traction, with $74 million in sales—a 24% rise. The BRC-20 protocol and Uncategorized Ordinals are driving this growth, with the former seeing an 18% increase in sales. Bitcoin’s foray into NFTs is reshaping the market, offering new opportunities for collectors and creators alike.
Polygon, Solana, and BNB Chain Face Mixed Results
While Polygon saw a 51% decline in NFT sales, Solana and BNB Chain had mixed performances. Solana-based NFTs grew 8%, while BNB Chain NFTs dropped 54%. The PGNFT collection on BNB Chain, however, rose to the eighth most-sold collection, showcasing the platform’s potential.
What’s Next for the NFT Market?
Analysts predict the NFT market will evolve into practical tools for gaming and finance, with a projected CAGR of 32%. While a full-scale bull run isn’t expected, the market is poised for significant growth, reaching $820.6 billion by 2035.
FAQs
Q: What drove the 48% surge in NFT sales in July 2025?
A: The surge was driven by Ethereum’s dominance and Bitcoin’s growing NFT ecosystem, with collections like CryptoPunks and BRC-20 leading the charge.
Q: How did Bitcoin-based NFTs perform?
A: Bitcoin NFTs saw a 24% increase in sales, with BRC-20 and Ordinals playing key roles.
Q: What is the future outlook for the NFT market?
A: The market is expected to grow significantly, with a CAGR of 32%, transitioning from speculative assets to practical tools in gaming and finance.
Q: Which blockchain had the highest NFT sales?
A: Ethereum led with $275 million in sales, followed by Bitcoin at $74 million.
